IG Transfer Cashback: Get Up to £5,000 When You Transfer Investments (2026)
IG UK is offering up to £5,000 cashback for investors who transfer their existing portfolio from another broker. The new TRANSFER5000 offer replaces the previous flat-rate cashback with a tiered fixed-amount structure, where larger transfers unlock higher rewards. The promotion runs from 24 April to 31 May 2026, and the minimum transfer value is now £10,000.
Transfer your ISA, SIPP or GIA to IG and receive a fixed cashback amount based on the total value transferred, up to a maximum of £5,000. See the full tier breakdown below.
Cashback Tiers
The new TRANSFER5000 offer pays a fixed cashback amount based on the total value of assets you transfer. Here is the full breakdown:
| Transfer Value | Cashback |
|---|---|
| £10,000 - £20,000 | £100 (0.5% to 1%) |
| £20,001 - £50,000 | £250 (0.5% to 1.25%) |
| £50,001 - £100,000 | £500 (0.5% to 1%) |
| £100,001 - £250,000 | £1,000 (0.4% to 1%) |
| £250,001 - £500,000 | £2,000 (0.4% to 0.8%) |
| £500,001 - £1,000,000 | £3,000 (0.3% to 0.6%) |
| Over £1,000,000 | £5,000 (0.5% at £1M, lower above) |
Our Verdict
The TRANSFER5000 offer replaces IG's previous TRANSFER5K cashback, which paid a flat 1% of the transfer value up to £5,000. The headline £5,000 cap is unchanged, but the new tiered structure pays out a fixed amount per band rather than scaling proportionally with transfer size.
For most transfer values, the new offer is slightly less generous than the previous one. A £200,000 transfer used to earn £2,000 under the old 1% rate, but now earns £1,000. A £500,000 transfer used to qualify for £5,000 cashback, but now caps at £2,000. To reach the £5,000 maximum under the new offer, you need to transfer over £1 million, whereas the old structure rewarded that at £500,000 transfers.
That said, the offer is still competitive in the UK market. It is one of the few transfer incentives currently available, the £5,000 ceiling remains the highest published cashback amount among UK execution-only brokers, and the absolute amounts are still meaningful for portfolios above £20,000. The key question is whether the cashback alone justifies the transfer, or whether IG's underlying platform (zero commissions on UK and US shares, no custody fees, 17,000 plus instruments, 3.75% AER on uninvested cash) is the right home for your portfolio in the long run. If the answer to the second question is yes, the cashback is a useful sweetener.
One important detail to note: you must not place any trades in your new IG account before submitting the transfer form. If you trade first, you will not be eligible for the cashback. Open the account, submit the transfer request, and then begin trading once the transfer is underway.
How to Claim the IG Transfer Cashback
Important Requirements
- You must be a new IG customer (no existing IG share dealing account), or have been contacted directly by IG to participate
- Use promo code TRANSFER5000 when opening your account
- Open your account between 24 April and 31 May 2026
- Submit a completed IG transfer form by 23:59 on 31 May 2026
- Complete the transfer by 31 July 2026
- Minimum transfer value of £10,000
- Do not place any trades before submitting the transfer form
- Maintain a minimum investment of £10,000 throughout the qualifying period (31 May 2026 to 31 May 2027)
- Cashback amount is determined by transfer value tier, with a maximum of £5,000 for transfers over £1 million
- Eligible account types: GIA, ISA, SIPP
- This offer cannot be combined with the IG WELCOME300 free shares offer, you can only use one
- UK residents aged 18 or over only
What Can You Transfer?
- Stocks and Shares ISAs from any UK ISA provider
- SIPPs and pensions from other pension providers
- General Investment Accounts (GIAs) from other brokers
- In-specie transfers are supported, meaning your holdings can be moved without selling and rebuying
Why Consider Transferring to IG?
Other IG Articles on MatchMyBroker
- IG UK Offers Hub: Welcome Bonus and Transfer Cashback
- IG UK Free Shares Promotion (WELCOME300)
- IG Zero Spread on FTSE 100 Shares
- IG Crypto Trading UK Review
Frequently Asked Questions
How long does the transfer take?
Transfer times depend on your current provider. Most transfers complete within 2 to 8 weeks. In-specie transfers (where your holdings move without being sold) can sometimes take longer than cash transfers. The full transfer must be completed by 31 July 2026 to qualify for the cashback.
Will I be out of the market during the transfer?
With an in-specie transfer, your investments are moved as they are, so you remain invested throughout the process. If your current broker requires you to sell before transferring, there will be a period where you are out of the market.
What is the minimum transfer amount for the cashback?
The minimum transfer value to qualify for the cashback is £10,000, which earns £100 cashback (the entry tier). Transfers below this amount will not be eligible for any cashback under the TRANSFER5000 offer, though you can still transfer to IG without the promotional benefit.
How is the cashback calculated under the new tiered structure?
Each transfer value band pays a fixed cashback amount, regardless of where your transfer falls within that band. For example, transferring £25,000 and £45,000 both earn the same £250 cashback (since both fall in the £20,001 to £50,000 band). To maximise the percentage return, transfer at or just above the lower threshold of each tier.
Why can I not trade before submitting the transfer form?
IG requires that you submit the transfer form before placing any trades in your new account. This is a condition of the promotion. If you trade first, you will be disqualified from receiving the cashback. Open your account, submit the transfer form, and then you are free to trade.
Can I do a partial transfer?
Yes, partial transfers are accepted. The cashback will be calculated based on the value of the assets actually transferred to IG, not the total value of your existing portfolio. The transferred amount must still meet the £10,000 minimum and falls into whichever tier matches the transferred value.
Can I combine TRANSFER5000 with the WELCOME300 free shares offer?
No. IG clients can only take advantage of one of the two offers, whichever you begin participating in first. If you are bringing an existing portfolio across, TRANSFER5000 is the right choice. If you are starting fresh with new money, the WELCOME300 free shares offer is more relevant.
Capital at risk. Tax treatment depends on individual circumstances and may change. ISA, SIPP and GIA eligibility rules apply. The cashback offer is subject to terms and conditions set by IG. MatchMyBroker may receive a commission if you open an account through our links.
